Outsourcing Your Fiduciary Risk
As a plan sponsor you are acting as a Fiduciary.
As a Fiduciary, ERISA requires that you:
- Act solely in the interests of the participants
- Diversify plan investments
- Ensure that the plan pays reasonable expenses, particularly if they are paid from plan assets
If the plan is not operated according to these requirements then you can be personally liable: In the event of
participant investment losses you may be required to restore any losses to the plan participants.
Click here to learn what tools are available to shift or reduce your risk for investment related losses in participant (employee)
accounts.
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"Integrity, Truth and Trust"
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Go here for a recent article in the Financial
Times about 401(k) excessive-fee lawsuits.
